Mining Review 20th November 2022

Mining Review 20th November 2022

Gold and silver had another poor week on the back of the US Administration and FED spokespeople continually advocating more rate rises for longer in response to market rumours that the pivot could be imminent.

Cyprium, i-80 Gold, Neometals, and O3 Mining all reported news this week. 

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Cyprium Metals Mining Review

Cyprium metals Cue Project location, Western Australia

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City Investors Circle – Mining Review 20th November 2022

Gold and silver had another poor week on the back of the US Administration and FED spokespeople continually advocating more rate rises for longer in response to market rumours that the pivot could be imminent.

It looks like a concerted campaign by those that command authority in the media, It’s almost as if they’re deliberately trying to suppress / crash the markets, with gold, crypto, and stocks all falling, due to the Treasury Bond yield rising  once again.

US T Bonds remain inverted.

 

Lithium carbonate prices fell in China this week on a bearish demand outlook for EV’s due to the economic contraction there. This follows a prolonged increase in prices over the last year.

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Turning to companies we follow, Cyprium Metals, i-80 Gold, Neometals, and O3 Mining all reported news this week. The full releases can be read by clicking the links below;

  Rumble Resources Reported Excellent Metallurgical Results

  Cyprium Metals Reported Good Cue Drill Results

  Neometals Barrambie PFS ‘Robust’

  Lithium Power International Conference Call

  I-80 Gold Ruby Hill Bonanza Grade Discovery

  O3 Mining Resource Estimate for Bulldog and Kappa at Alpha

  Gold Road Resources New Corporate Presentation

  Pacgold Publish New Corporate Presentation

  City Investors Circle Mining Review 13th November 2022

Read more: http://www.city-investors-circle.com/archives/#ixzz7l6JbOdew

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Market Data

Week on week price changes

(US$ unless stated)

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Metal prices

Gold price in UK £ 1473 -1.73%
Gold 1751 -1.13%
Silver 20.95 -3.46%
Palladium 1945 -5.12%
Platinum 985 -4.37%
Rhodium 13540 +2.97%
Copper 3.7 +1.09%
Nickel 11.83 +8.53%
Zinc 1.36 +2.26%
Tin 10.61 +32.13%
Cobalt 23.25 -0.02%
Manganese 3.08 +0.65%
Lithium 80878 -0.99%
Uranium 50.7 0.00%
Iron Ore 97.5 +10.80%
Coking Coal 267 -14.42%
Thermal coal 320 +9.97%
Magnesium 3504 -1.93%

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Metal ETFs

GDX 27.37 -3.29%
GDXJ 33.59 -3.14%
Sil 27.37 -3.05%
SILJ 10.24 -3.76%
GOEX  (PCX) 23.15 -4.06%
GLD 162.79 -1.08%
COPX 33.46 -5.27%

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.If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Disclosure

At the time of writing the author holds no shares in i-80 Gold, Cyprium Metals, and O3 Mining, all bought in the market at the prevailing price on the days of purchase. 

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